Guaranty Bancshares, Inc. Financial Ratios — GNTY Stock

Profitability (USD)

	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Return on Common Equity (%)	14.2	16.66	19.29	14.91	12.88	22.74	19.23	19.95	24.11	25.76	23.07	32.08	29.57	18.6	17.38
Return on Assets (%)	0.64	0.75	0.89	0.74	0.69	0.91	0.69	0.76	0.97	1.15	1.08	1.37	1.26	0.92	1
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	5.08	5.42	8.91	12.53	10.09	6.73	6.31	5.75	5.57	5.57	5.15	4.59	3.76	4.1	4.34
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	20.4	24.34	26.62	24.02	23.11	24.94	25.54	31.06	30.32	33.93	31.4	40.42	37.51	31.85	33.7
Profit Margin (%)	15.68	16.7	20.13	17.27	16.16	17.42	18.39	19.78	24.79	27.81	25.84	33.13	30.8	25.76	27.28
Net Income to Common Margin (%)	15.68	16.7	20.13	17.27	16.16	17.42	18.39	19.78	24.79	27.81	25.84	33.13	30.8	25.76	27.28
Effective Tax Rate (%)	23.14	31.39	24.36	28.11	30.09	30.14	28.01	36.33	18.25	18.02	17.7	18.02	17.93	19.2	19.18
Dvd Payout Ratio (%)	30.66	25.56	21.73	28.12	31.89	44.76	38.07	38.52	34.14	30.69	30.97	23.68	25.56	35.68	34.68
Sustainable Growth Rate (%)	9.85	12.4	15.1	10.72	8.77	12.56	11.91	12.27	15.88	17.85	15.93	24.48	22.01	11.97	11.35

Credit (USD)

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	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Total Debt	19	40	53	60	65	61	93	59	128	66	141	72	339	190	42
ST Debt	12	33	43	6	55	- -	- -	- -	- -	- -	12	5	- -	4	- -
LT Debt	7	7	10	54	10	61	93	59	128	66	129	67	339	186	42
Total Debt/EBITDA	23.9	37.57	27.23	21.67	28.37	15.52	22.28	14.06	27.65	12.52	25.78	13.12	68.72	39.84	8.36
Net Debt/EBITDA	11.32	23.13	17.81	11.77	16.13	-0.21	6.2	-1.5	16.58	3.89	1.45	0.85	56.73	28.76	-1.85
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	4.51	4.55	4.71	5.25	5.47	3.52	3.65	3.97	4.1	4.79	4.61	3.95	4.53	5.37	6.16
Long-Term Debt/Equity (%)	23.79	21.99	28.87	148.74	26.69	44.03	65.37	28.44	52.31	25.21	47.28	22.27	114.75	61.14	13.14
Long-Term Debt/Capital (%)	18.46	11.46	12.96	61.9	10.91	50.58	58.15	43.06	57.93	37.23	48.22	34.68	69	51.33	17.89
Long-Term Debt/Total Assets (%)	1.7	1.52	1.93	10.48	1.9	3.6	5.07	3	5.64	2.84	4.7	2.18	10.12	5.83	1.35
Total Debt/Equity (%)	65.94	125.97	152.3	165.76	167.93	44.03	65.37	28.44	52.31	25.21	51.68	23.93	114.75	62.63	13.14
Total Debt/Capital (%)	51.16	65.65	68.38	68.98	68.62	50.58	58.15	43.06	57.93	37.23	52.71	37.26	69	52.57	17.89
Total Debt/Total Assets (%)	4.72	8.71	10.19	11.68	11.97	3.6	5.07	3	5.64	2.84	5.14	2.34	10.12	5.97	1.35
Net Debt to Equity	31.24	77.55	99.64	90.06	95.49	-0.6	18.2	-3.03	31.36	7.82	2.91	1.55	94.72	45.2	-2.91
Net Debt/Capital (%)	33.16	54.06	58.59	54.72	55.43	-1.42	27.89	-8.78	45.22	15.55	5.91	3.7	64.76	44.45	-5.08
EBITDA	1	1	2	3	2	4	4	4	5	5	5	6	5	5	5
EBITDA-CapEx	1	1	2	3	2	- -	3	2	2	- -	- -	3	-1	-2	2
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	4.51	4.55	4.71	5.25	5.47	3.52	3.65	3.97	4.1	4.79	4.61	3.95	4.53	5.37	6.16
Long-Term Debt/Equity (%)	23.79	21.99	28.87	148.74	26.69	44.03	65.37	28.44	52.31	25.21	47.28	22.27	114.75	61.14	13.14
Long-Term Debt/Capital (%)	18.46	11.46	12.96	61.9	10.91	50.58	58.15	43.06	57.93	37.23	48.22	34.68	69	51.33	17.89
Long-Term Debt/Total Assets (%)	1.7	1.52	1.93	10.48	1.9	3.6	5.07	3	5.64	2.84	4.7	2.18	10.12	5.83	1.35
Total Debt/Equity (%)	65.94	125.97	152.3	165.76	167.93	44.03	65.37	28.44	52.31	25.21	51.68	23.93	114.75	62.63	13.14
Total Debt/Capital (%)	51.16	65.65	68.38	68.98	68.62	50.58	58.15	43.06	57.93	37.23	52.71	37.26	69	52.57	17.89
Total Debt/Total Assets (%)	4.72	8.71	10.19	11.68	11.97	3.6	5.07	3	5.64	2.84	5.14	2.34	10.12	5.97	1.35
CFO/Total Liabilities	0.17	0.9	1.12	2.52	1.13	0.53	1.33	1.69	1.4	1.56	1.72	1.56	1.27	1.36	1.7
CFO/CapEx	- -	- -	- -	- -	- -	2.05	14.01	12.79	9.96	6.3	7.2	15.04	6.83	5.78	14.3
Altman's Z-Score	0.09	0.1	0.1	0.11	0.11	0.08	0.08	0.17	0.17	0.2	0.17	0.18	0.17	0.19	0.2

Working Capital (USD)

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	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Accounts Receivable Turnover	4.97	5.7	7.05	7.89	8.34	13.3	9.88	9.36	9.51	10.25	11.17	12.82	12.84	9.44	9.19
Days Sales Outstanding	73.49	64.01	51.79	46.24	43.77	27.43	36.96	38.98	38.36	35.62	32.68	28.46	28.43	38.66	39.71
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	262	293	333	298	416	390	382	396
- Cash & Cash Equivalents	10	15	18	28	28	61	67	65	51	45	133	68	59	53	51
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1
+ Total Debt	19	40	53	60	65	61	93	59	128	66	141	72	339	190	42
Enterprise Value	9	25	35	33	37	-274	-131	23	137	141	-75	78	482	323	328
Total Capital	38	61	77	88	95	120	160	137	221	177	267	194	492	362	234
Total Debt/Capital (%)	51.16	65.65	68.38	68.98	68.62	50.58	58.15	43.06	57.93	37.23	52.71	37.26	69	52.57	17.89
Total Debt / EV	2.11	1.62	1.53	1.84	1.76	-0.22	-0.71	2.58	0.94	0.47	-1.89	0.92	0.7	0.59	0.13
EV/Sales	0.57	1.25	1.59	1.47	1.63	- -	- -	0.31	1.65	1.49	- -	0.65	3.67	2.77	2.84
EV/EBITDA	11.32	23.13	17.81	11.77	16.13	- -	- -	5.45	29.56	26.71	- -	14.22	97.63	67.68	65.45
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	14.25	6.42	6.39	2.71	6.48	- -	- -	0.77	4.85	4.39	- -	1.8	12.4	8.24	6.92
EV/Free Cash Flow to Firm	14.25	6.42	6.39	2.71	6.48	- -	- -	0.72	4.41	3.79	- -	1.69	10.82	7.03	6.47
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	264	295	335	298	421	394	383	398
Diluted Enterprise Value	9	25	35	33	37	-1	26	257	372	355	306	426	674	521	389
EV per Share	2.67	7.43	10.47	10.25	11.45	- -	- -	2.03	10.75	10.98	- -	6.49	40.22	27.64	28.64
TTM Sales	16	20	22	22	23	58	66	73	83	94	106	120	131	117	116
TTM EBITDA	1	1	2	3	2	4	4	4	5	5	5	6	5	5	5
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	1	4	5	12	6	8	22	30	28	32	43	44	39	39	47
TTM Free Cash Flow to Firm	1	4	5	12	6	12	24	32	31	37	48	46	45	46	51

Multiples (USD)

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	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	8.24	9.51	9.01	6.16	9.06	8.84	8.33	7.84
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	9	25	35	33	37	-274	-131	23	137	141	-75	78	482	323	328
Low Price	- -	- -	- -	- -	- -	- -	- -	25.45	25.76	22.06	18.2	27.36	33.78	22.12	27.01
EV/Sales	0.57	1.25	1.59	1.47	1.63	- -	- -	0.31	1.65	1.49	- -	0.65	3.67	2.77	2.84
EV/EBITDA	11.32	23.13	17.81	11.77	16.13	- -	- -	5.45	29.56	26.71	- -	14.22	97.63	67.68	65.45
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	18.11	14.23	12.67	10.89	10.45	9.65	12.7	12.57
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	18.01	15.02	11.56	9.71	9.71	9.81	10.79	11.46
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	25.78	20.97	15.13	13.38	12.51	13.21	13.9	14.14
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	19.84	15.91	10.75	8.12	8.29	10.01	8.61	9.81
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	3.35	3.15	2.99	2.36	3.41	2.57	2.23	2.07
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	3.34	3.33	2.73	2.1	3.17	2.61	1.89	1.89
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	4.77	4.65	3.58	2.9	4.09	3.52	2.44	2.33
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	3.67	3.53	2.54	1.76	2.71	2.67	1.51	1.61
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	1.41	1.41	1.48	1.26	1.55	1.49	1.41	1.39
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	1.4	1.49	1.35	1.12	1.44	1.52	1.2	1.26
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	2	2.08	1.76	1.54	1.86	2.04	1.54	1.56
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	1.54	1.58	1.25	0.94	1.23	1.55	0.96	1.08
Price/Sales	- -	- -	- -	- -	- -	- -	- -	3.58	3.53	3.52	2.81	3.46	2.97	3.27	3.43
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	3.56	3.72	3.22	2.51	3.22	3.02	2.78	3.13
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	5.1	5.2	4.21	3.46	4.15	4.07	3.58	3.86
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	3.92	3.94	2.99	2.1	2.75	3.08	2.22	2.68
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	8.82	10.39	10.39	7.01	9.55	10.04	9.73	8.36
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	8.76	10.97	9.48	6.25	8.87	10.21	8.26	7.62
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	12.54	15.31	12.4	8.62	11.44	13.75	10.65	9.4
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	9.65	11.61	8.81	5.23	7.58	10.42	6.6	6.53
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	8.19	10.04	8.23	5.49	8.42	8.99	7.07	7.15
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	11.73	14.02	10.77	7.57	10.85	12.11	9.11	8.83
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	9.03	10.64	7.65	4.59	7.19	9.17	5.65	6.12
EV/Sales Average	0.57	1.25	1.59	1.47	1.63	- -	0.39	3.48	4.65	3.43	2.58	3.25	5.16	3.96	3.05
EV/Sales High	0.57	1.25	1.59	1.47	1.63	- -	0.39	5.01	6.12	4.42	3.53	4.18	6.21	4.76	3.78
EV/Sales Low	0.57	1.25	1.59	1.47	1.63	- -	0.39	3.84	4.87	3.21	2.17	2.79	5.22	3.4	2.6
EV/EBITDA Average	11.32	23.13	17.81	11.77	16.13	-0.21	6.2	60.49	83.43	61.61	50.11	70.94	137.25	96.7	70.37
EV/EBITDA High	11.32	23.13	17.81	11.77	16.13	-0.21	6.2	87.22	109.91	79.4	68.52	91.21	165.12	116.28	87.23
EV/EBITDA Low	11.32	23.13	17.81	11.77	16.13	-0.21	6.2	66.78	87.37	57.54	42.14	60.74	138.85	83.03	59.99
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	23.24	23.04	26	24.41	34.47	32.57	32.63	34.6
High Price	- -	- -	- -	- -	- -	- -	- -	33.07	33.96	31.05	30	41.28	44.6	35.7	38.93
Enterprise Value Average	9	25	35	33	37	-1	26	254	386	324	274	391	677	462	353
Enterprise Value High	9	25	35	33	37	-1	26	366	509	418	375	503	815	555	437
Enterprise Value Low	9	25	35	33	37	-1	26	280	404	303	230	335	685	397	301

Shares Outstanding	3	3	3	3	3	- -	- -	12	13	13	12	12	12	12	11
Diluted Weighted Avg Shares	3	3	3	3	3	10	10	11	13	13	12	12	12	12	12
Basic Weighted Avg Shares	3	3	3	3	3	10	10	11	13	13	12	12	12	12	11
Revenue per Share	4.64	5.93	6.59	6.95	7.03	6	6.68	6.49	6.53	7.38	8.68	9.96	10.96	9.97	10.09
EBITDA per Share	0.24	0.32	0.59	0.87	0.71	0.4	0.42	0.37	0.36	0.41	0.45	0.46	0.41	0.41	0.44
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.73	0.99	1.33	1.2	1.14	1.04	1.23	1.28	1.62	2.05	2.24	3.3	3.38	2.57	2.75
Basic EPS from Cont Ops	0.73	0.99	1.33	1.2	1.14	1.04	1.23	1.28	1.62	2.05	2.24	3.3	3.37	2.57	2.75
Diluted EPS, GAAP	0.73	0.99	1.32	1.18	1.13	1.04	1.23	1.27	1.61	2.04	2.24	3.26	3.34	2.56	2.74
Diluted EPS from Cont Ops	0.73	0.99	1.32	1.18	1.13	1.04	1.23	1.27	1.61	2.04	2.24	3.26	3.34	2.56	2.74
Dividend per Share	0.22	0.25	0.29	0.34	0.36	0.47	0.47	0.49	0.55	0.63	0.69	0.78	0.86	0.91	0.95
Cash Flow per Share	0.19	1.16	1.64	3.77	1.77	0.85	2.27	2.64	2.22	2.5	3.48	3.61	3.24	3.35	4.14
Free Cash Flow per Basic Share	0.19	1.16	1.64	3.77	1.77	0.43	2.11	2.43	2	2.11	3	3.37	2.77	2.77	3.85
Cash & Equivalents per Share	2.96	4.64	5.53	8.61	8.69	34.56	22.69	26.45	22.35	20.17	42.04	33.97	20.71	21.31	9.67
Book Value per Share	5.37	6.32	7.4	8.48	9.21	6.13	6.77	6.93	7.31	8.68	10.34	10.09	12.67	14.63	16.74
Tangible Book Value per Share	8.53	9.59	10.51	10.65	11.27	11.92	12.15	16.52	16.33	17.62	19.43	22.19	21.83	23.11	24.96

Guaranty Bancshares, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)